MoneyGram has acquired a four per cent stake in Coinme, a US outfit that facilitates the cash purchase and sale of bitcoin at physical locations. Financial terms were not disclosed. The investment – which closes out Coinme’s Series A round – builds on an partnership between the two firms that lets people buy and sell […]
This may sound politically incorrect, but the pandemic pushed Corporate America to make powerful employee-empowering changes to the workplace that enhanced the lives of millions of people. Only two years ago, it would’ve been unimaginable to believe that we could successfully work remotely at scale. Now remote, hybrid, flexibility (you can choose when and where […]
The new year has ushered in a slew of minimum wage increases across the country. A total of 81 states and cities will be raising their minimum wages in 2022, and 44 cities will be increasing theirs to above $15 an hour. “These raises that took effect this week, combined with others scheduled for later […]
London FinTech Starling Bank has put Meta on notice and said it was boycotting advertising on Facebook and Instagram due to the number of scammers infiltrating its social media platforms, Starling CEO Anne Boden said in her annual letter. The unicorn challenger bank that counts Goldman Sachs, Fidelity Management & Research, Qatar Investment Authority, and […]
Oil appears to be on a steady climb and the fundamentals make sense. U.S. crude briefly touched the $80-per-barrel level Thursday, the highest since November. A signal from the Federal Reserve that faster rate hikes may be in the cards to cool inflation fueled the new high even as cases of the omicron variant are […]
SINGAPORE — Shares in Asia-Pacific were mixed in Friday trade following heavy losses for some regional markets in the previous trading day, as investors continue to assess the impact of a potentially faster-than-expected policy tightening by the U.S. Federal Reserve. The Nikkei 225 in Japan shed earlier gains and declined 0.13%, adding to losses after […]
In a time of incredible instability, cross-border payments have helped kept the global economy moving. As a result, the transaction value of global remittance and cross-border payments is expected to rise from $37.2 trillion in 2020 to $39.9 trillion by 2026. The growing demand for cross-border transactions means that users need secure, fast and reliable […]
If the Federal Reserve is too heavy-handed with its interest rate hikes this year as a means to stomp out high rates of inflation, there is one critical risk that most investors probably aren’t factoring in. Recession. “That is the risk [of a recession in 2023],” said Mohamed El-Erian, Queens’ College, Cambridge University president and […]
Bed Bath & Beyond delivered disappointing fiscal third-quarter results on Thursday, with earnings and sales missing analysts’ expectations, prompting the home goods retailer to slash its outlook for the full year. Shares initially dove more than 9% in premarket trading on the news but quickly erased those losses, closing the day up nearly 8%. Bed […]
Citigroup analysts on Wednesday raised their S&P 500 (.SPX) price target for the end of 2022, estimating it to breach the 5,000 level for the first time, as the brokerage expects strong corporate earnings to continue this year. Earnings results from S&P 500 companies in 2021 blew past analyst estimates to deliver year-on-year growth in […]
The Federal Reserve at its December meeting began plans to start cutting the amount of bonds it is holding, with members saying that a reduction in the balance sheet likely will start sometime after the central bank begins raising interest rates, according to minutes released Wednesday. While officials did not make any determination about when […]
Despite a year of unmatched growth, countless news stories and a few blockbuster acquisitions within the buy now, pay later (BNPL) space, as the old saying goes, you ain’t seen nothin’ yet. This, as new research in the Buy Now, Pay Later Tracker for December 2021 shows that, despite a year-long rollout and ramp-up effort […]
